FRANKFURT (MarketWatch)
The European Commission on Friday said the European
Union economy is in a "mild recession," with a recovery "forecast to set in
slowly from the second half of the year on."
In its spring forecast, the
commission said it expects gross domestic product to contract by 0.3% in the
euro area in 2012, rebounding to grow 1% in 2013
Unemployment is expected to
remain high at 11% in the euro zone over the forecast period
"A recovery is in
sight, but the economic situation remains fragile, with still large disparities
across member states," said Olli Rehn, commissioner for economic and monetary
affairs.
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Calendario económico en tiempo real proporcionado por Investing.com España.
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